Bitcoin is down just over 1% as of writing, as the world’s largest cryptocurrency continued to trade below $40,000 to start the weekend./USD has so far fallen to an intraday low of $38,432.93, following an earlier high of $39,510.69.
Today’s high is roughly $1,000 lower than yesterday’s peak, where we saw bitcoin hit a high of over $40,300 in the session.As of writing, the 14-day RSI is still tracking at 47, which is marginally below recent resistance of 48.12. Bulls appear to be waiting for a breakout of this level before truly re-entering, in a similar fashion to March 8, when news of U.S. President Joe Biden’s executive order was announced.
We will likely continue to see consolidation until a significant amount of price strength enters the market, bullish or bearish.Ethereum is trading close to its support of $2,550 to start the weekend, a position where it has remained during the last few sessions./USD hit an intraday low of $2,536.97 during today’s session, as bears continue to press ahead.
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How do you rate the Fed's interest rate hike next March 16 meeting, how does it affect stocks and crypto?
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Well probably not the best time to spend usdt on ETH.
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More downside to come...sorry
Are you buying the dip?
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Eth has been moving forward.
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